Richard Morin, CEO, Pakistan Stock Exchange; Ajay Kumar, AGM, QNB Asset Management; and Mohsin Mujtaba, Chairman, PPFQ with other distinguished guests on the sidelines of the roundtable.
DOHA: Richard Morin, CEO, Pakistan Stock Exchange has advised the Non-Resident Pakistanis (NRPs) in Qatar to convert their savings into investments for long term gains.
“For NRPs based in Qatar, Pakistan offers a good hedge against the oil prices. Smart investors should invest in both markets, Qatar and Pakistan. When the oil price goes up their Qatar portfolios would do well whereas when the oil prices declines then Pakistan portfolio would offer better performance due to the nature of Pakistan’s economy”, Morin told potential NRP investors on the sidelines of an investment roundtable jointly hosted by QNB and Pakistan Professionals Forum Qatar (PPFQ) recently.
The event was organised to educate and create awareness amongst the Non Resident Pakistanis (NRPs) about the global investment trends and Pakistan equities market.
Participating in the roundtable event titled “Global Markets @ Crossroads, Pakistan - Waiting for Godot?” Ajay Kumar, AGM, QNB Asset Management discussed investment trends and emerging risks in global financial markets across various asset classes including equities, fixed income and real estate. Certain risks related to FED hikes and trade wars were also highlighted. Kumar also shared his views on economic outlook of Pakistan and future trends. Qatar is a producer of oil and gas whereas Pakistan is a consumer of oil and gas.
Morin briefed the audience on the developments in Pakistan’s capital markets as well as attractiveness of various sectors on PSX.
Mohsin Mujtaba, Chairman, PPFQ moderated the panel discussion. A survey was shared with the attendees that was to be taken once prior to the session and again post session to see how the speakers and panelists’ discussions on trade wars, emerging markets, Pakistan’s equities, the overall growth in global economies had managed to influence the perspective of the attendees.
The market experts who participated in the roundtable discussed the survey questions and answer as to who or what was Pakistan’s Godot? All panelists thought that it was the good polity of Pakistan that is its Godot, hope for a better and prosperous future.
